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Net price is the value at which a product or service is sold after all taxes and other costs are added and all discounts subtracted. Net price is what the sellerâs customers pay. Amounts subtracted from a list price to arrive at a net price include sales and other discount amounts, rebates and any amounts negotiated between the customer and the seller. Additional amounts may include charges for added value, royalties, shipping, duty, taxes, service and installation.
Definition of Net. Net is the total amount received after subtracting deductions from the gross amount; Difference between gross and net interest rates. Gross interest rate is the headline interest advertised by a bank; Net interest rate is the effective interest rate after tax is deducted from the gross rate. It is the rate that will be credited into your account. In the UK, most banks take tax at source. Difference between gross pay and net Pay